The bill establishes a new section, 559.975, in the Florida Statutes, which mandates the Department of Commerce to create rules for registration and renewal fees that will adequately cover the costs associated with administering the Florida Manufacturing Promotional Campaign. The department is also tasked with assessing and collecting these fees specifically for the promotion of the campaign. Furthermore, the bill stipulates that all collected fees must be deposited into the Economic Development Trust Fund, which is designated solely for the campaign's administration.

Additionally, the bill includes a contingent effective date, stating that it will take effect concurrently with HB 561 or similar legislation, provided that such legislation is passed during the same legislative session or an extension thereof. This ensures that the implementation of the fees and the campaign is aligned with other related legislative efforts.